Chris Skinner
AUGUST 30, 2016
I recently opened an investment fund for blockchain start-ups in partnership with Life.SREDA, who produce a report on the state of FinTech twice a year. The latest report, almost 300 pages of analysis, provide more insights of the first half of the year in FinTech [Money of the Future 1H’2016 and Chinese, Korean and Japanese … The post The three sexiest words in FinTech appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 29, 2016
Thought you were done hearing about Square for the month? Think again! The company is building momentum on its already-fabulous year by partnering with point-of-sale companies TouchBistro and Vend, who in previous years probably would have been thought of as Square’s competition. “We’ve always been impressed by Square’s very elegant Read More.
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Payments Dive
AUGUST 23, 2016
PayToo CEO Michel Poignant thinks the industry is approaching mobile wallets the wrong way.
South State Correspondent
AUGUST 17, 2016
Ahh, the gentle breeze of Havana – the music, the people, the cigars, the mojitos and the embargo. Given the thawing relations and the new rules announced by the Obama administration, banking and financial transactions are now loosening….somewhat. While the lifting of the embargo will take an act of Congress and is not expected to be reviewed until next year, American companies are already in motion in preparation.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
PYMNTS
AUGUST 29, 2016
With the rise of Amazon Prime and eCommerce , more packages are being delivered to customers’ homes than ever before. It’s now possible to order everything online for in-home delivery from groceries to pet food to toilet paper, and consumers can usually get those items delivered to their doorstep overnight or in a manner of hours. The U.S. Postal Service delivered 4.5 billion packages in 2015, a big jump from the 3.3 billion in packages it delivered to customers in 2011, and now accounts for abo
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Chris Skinner
AUGUST 29, 2016
Apparently, I am a miscreant. I am the one guy who managed to break PayPal. What? OK, here’s the story. The next 2,000 words tell the story but, if you’d rather miss that and cut to the chase, jump to the end. Most of my customers wire me the money. American customers are more of … The post Creating PayPal’s Perfect Storm appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 30, 2016
It may come as a surprise to many of us that consumers are generally satisfied with their banking relationships. However, this doesn’t mean that banks have nothing to worry about. Alternative providers and FinTech companies present a double-edged risk to traditional banks. First, there is the eminent danger of a Read More.
Payments Dive
AUGUST 2, 2016
Chris Poelma, president and GM of small business at NCR, discusses the stand-off between small retailers and their customers over mobile-wallet adoption.
Accenture
AUGUST 24, 2016
Many long-time commercial bankers are getting the same feeling Dorothy had in the Wizard of Oz—that they’re not in Kansas anymore. For example, extrapolation from publically available data suggests that in its quest to sign up new drivers, Uber may. Read more.
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PYMNTS
AUGUST 12, 2016
In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we check out a small country with a huge potential to emerge as one of Europe’s premier FinTech spaces. Before we jump into the post, here are a few quick facts about the Netherlands and its tech scene: . The Netherlands is estimated to have a population of 17 million. The country’s GDP was approximately $880 billion in 2014.
Abrigo
AUGUST 26, 2016
Day in and day out, bankers face a number of pressures as they do their jobs. They must find new customers and keep current customers happy. They must keep a tight rein on expenses and avoid running afoul of the many regulatory requirements for their institutions. And they must keep an eye on competitors and external pressures to make sure tomorrow’s results will be as strong as today’s.
Chris Skinner
AUGUST 31, 2016
I didn’t realise until the other day that the Bank of England has a blog Bank Underground. Finally, a boring old British bank with a blog. Not a consumer bank of course – none of those blog – but a good old central bank. The Bank makes clear it’s not the opinions of the institution … The post Could central bank digital currencies kill monetary policy?
Bank Innovation
AUGUST 15, 2016
Calling all fintech startups — today marks the opening of the application period for the second class of INV Fintech, a global accelerator operated by Bank Innovation and Fiserv. Interested startups can apply here. The application period will close Friday, September 9. INV, which launched in January, is the first Read More.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
Payments Dive
AUGUST 5, 2016
Mark Kilpatrick, CMO from Urban FT, discusses what banks need to focus on going forward with their customers.
Accenture
AUGUST 18, 2016
I recently blogged about a four-step process for executing a bank’s digital agenda. Our experience shows that when it comes to executing such an agenda, there are a number of factors that increase the likelihood of success: A clearly articulated. Read more.
PYMNTS
AUGUST 5, 2016
There’s no question that mobile has established itself as a default channel as far as the average consumer is concerned, and the growing cottage industry of turnkey software-as-a-service startups proves that getting on mobile is as ironclad a requirement as it gets in commerce. But starting up a mobile operation is just one half of a potentially profitable coin.
Abrigo
AUGUST 1, 2016
Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. This generation -- described often as being born between the early 1980s and early 2000s (i.e., currently in their late teens to their mid-30s) -- seems to be both hated and loved, depending on the day of the week and who is talking.
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
Chris Skinner
AUGUST 25, 2016
Digital identity is a complex area, as discussed yesterday. First, it is focused upon shared ledgers and blockchain, not just blockchain; second, it needs to have some permission basis; third, we need to have a structure agreed for who is providing permissions; and fourth, it is a structural challenge for industry and government, rather than … The post 12 Standout Start-ups Focused Upon Blockchain Identity appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 3, 2016
It seems like new fintech startups show up daily, all vying for the top slot in the type of financial service they offer: want to find a P2P lending service? There’s dozens of startups for that. Need help with stock options or expenses? Well, there’s a few dozen startups for Read More.
Payments Dive
AUGUST 30, 2016
At the recent CONNECT Mobile Innovation Summit, executives discussed how providing the best omnichannel experience should be a top priority.
Accenture
AUGUST 10, 2016
In 1959 US President John F. Kennedy made an interesting observation when discussing the nature of change. He pointed out that “when written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and one represents opportunity.”. Read more.
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Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
South State Correspondent
AUGUST 31, 2016
Most community banks are interested in booking local C&I loans but are unable to generate meaningful outstanding balances.
Abrigo
AUGUST 16, 2016
In early June, Sageworks hosted a Current Expected Credit Loss (CECL) Workshop Series webinar and asked the attendees “Given what we know about CECL, what area do you feel will see the largest impact?” Greater than 81% of the 595 bankers who replied said that they expect the largest impact will be seen in the capital reserve levels, disclosure criteria and the involvement in the calculation across departments within the institution.
Chris Skinner
AUGUST 24, 2016
In my final deep dive into blockchain use cases, I come to digital identity. Now this is a thorny area for three reasons. First, we need to understand what we mean by identity before we can talk about how blockchains could help. Second, we need to understand the difference between blockchain and shared ledgers which, … The post Applying Blockchain to Identity appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 26, 2016
It was announced this week that four of the world’s banks—Santander, UBS, BNY Mellon, and Deustche Bank—are collaborating, along with brokerage firm ICAP, in order to produce what they’re calling a “utility settlement coin,” or USC, run on blockchain technology, originally the rails beneath bitcoin and now the talk of the financial, corporate, Read More.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.
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